Pellet production capacity to expand in North America and Europe

Wood pellet production capacity in N. America and Europe is expected to continue growing in 2024 and beyond, although supply remains structurally short in the near term, as new additions are yet to close the deficit from sanctioned Russian supplies and match rising demand. Millions of tonnes of production capacity expansions are planned, or have come on line this year, in North America, Europe and Asia-Pacific. A combined capacity of at least 1.2mn t/yr was added in North America this year. US wood pellet producer Enviva fully ramped up its 750,000 t/yr Lucedale ...